
17- 3492 Widdicombe Way, Mississauga
Erin Mills · Investor guide
$699,980
Estimated Value
$645,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
2
Bathrooms
3
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Based on Erin Mills neighbourhood rental data for 2-bed Condo Townhouse
Remarks
Welcome to The Way, a beautifully designed newer 2-bedroom, 3-bathroom condo townhome in Erin Mills, Mississauga, offering modern living in one of the city's most desirable and connected communities. Featuring a bright open-concept layout, contemporary finishes, spacious principal rooms, and large windows overlooking peaceful green space, this home perfectly blends style, comfort, and functionality. The main living area seamlessly connects the living room, dining space, and modern kitchen, creating the ideal setting for everyday living and entertaining. The kitchen features sleek cabinetry, ample storage, generous counter space, and quality finishes. A rare feature in this community, the main floor offers a walkout to a private patio overlooking a tranquil forested backdrop - the perfect space to enjoy morning coffee, outdoor dining, or unwind surrounded by nature. Upstairs, two spacious bedrooms provide comfortable retreats, including a primary bedroom withconvenient ensuite access. With three well-appointed bathrooms, this home offers exceptional convenience for residents and guests alike. The third floor offers an additional private retreat with a spacious terrace overlooking thequiet scenic forest area. This peaceful outdoor space provides the perfect setting for entertaining guests, relaxing after a long day, or enjoying the beauty and privacy of the surrounding landscape, a truly unique feature rarely found in townhome living. Ideally located in Erin Mills, residents enjoy easy access to Erin Mills Town Centre, shopping, restaurants, cafés, grocery stores, entertainment, and everyday amenities. Credit Valley Hospital, community centres, fitness facilities, parks, and scenic walking trails are all nearby.Commuters will appreciate access to Mississauga Transit, GO Station, Highways 403, 407, and the QEW, with convenient connections throughout the GTA. Residents benefit from nearby schools and post-secondary institutions.
MississaugaInvestor.ca
17- 3492 Widdicombe Way
Condo Townhouse · 2bd/3ba · ~1,300 sqft
$699,980
Cash-Flow Report · July 31, 2026
Cap Rate
2.16%
Monthly Cash Flow
-$1,960/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-15.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$3,222 |
| Property Tax | −$490 |
| Insurance | −$225 |
| Condo Fee | −$493 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$1,960/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$5,880 |
| Insurance | −$2,700 |
| Condo Fee | −$5,916 |
| Annual NOI | $15,144 |
| Cap Rate | 2.16% |
Cash Required to Close
| Down Payment (20%) | $139,996 |
| Ontario Land Transfer Tax | $10,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,471 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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